Published on 4/22/2020 in the Prospect News High Yield Daily.
New Issue: Mutares sells €50 million tap of Euribor plus 600 bps notes due 2024
By Rebecca Melvin
New York, April 22 –Mutares SE & Co. KGaA priced a €50 million tap issue of floating-rate notes due 2024 with a coupon of Euribor plus 600 basis points, according to a regulatory release.
Pareto Securities AS managed the deal. The original €80 million deal was issued on Feb. 14.
The Germany-based company invests in medium-sized companies in turnaround situations.
| Issuer: | Mutares SE & Co. KGaA
|
| Amount: | €50 million tap
|
| Maturity: | Feb. 14, 2024
|
| Securities: | Floating-rate notes
|
| Bookrunner: | Pareto Securities AS
|
| Coupon: | Euribor plus 600 bps
|
| Announcement date: | April 22
|
| Listing: | Oslo Bors
|
| Total deal size: | €130 million, including €80 million issued on Feb. 14, 2020
|
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